30 May 2018 (TheAge) – Economists warn against complacency – ‘Forecasting is a sexy business’: the past and future are on the minds of the world’s leading economists

(30 May 2018, The Age, Business, p34, By David Goodman & Rafaela Lindeberg)

‘… warning that economists and officials may last year have gone “a little too overboard” in their belief in a synchronised global upswing. Former Reserve Bank of India Governor Raghuram Rajan called for tighter oversight over shadow banking, financial technology and emerging markets. There’s a tendency to under-regulate before a crisis and then overdo it in the aftermath, he said. The warnings come as policy makers insists that a global low-inflation economic expansion is still intact despite some weakness to start 2018.’